Grant Program: Building
Project Summary: Canadian
Sports Institute of
The Town of
Key facility
features would include:
o
Aquatic
Centre (complete with two 50 metre pools, dive tank and tower and appropriate
viewing area capacity)
o
Field
House (including gymnasiums, fitness centre, indoor track)
o
One
international arena competition venue capable of conversion to NHL standards (capable
of accommodating up to 10,000 seat viewing capacity)
The recent
developments with the PAN AM Games Bid have suggested the
There are many advantages to this location:
o Central to over 5.6 million people, easily
reached via public and private transportation
o Located within a designated urban growth
centre
o In close proximity to highways 407, 404, 401,
400
o Adjacent to a GO Transit station that
provides service to and from downtown
o Serviced by York Region’s new VIVA bus system
o Future plans for a new subway line and rapid
transit along the 407 connecting with GO lines, GO bus routes, subway lines,
carpool lots and other transit services
Costs:
The project budgets have been broken down in considerable detail with third party verification received on costs. At a high level, total costs for this project are as follows:
Facility Name |
Total Upgrade Budget |
Competition Venue International Arena |
$ 76,300,000 |
Aquatics Centre |
$ 71,600,000 |
Field House |
$ 38,400,000 |
10% Consulting / Professional Fees |
$ 18,863,000 |
TOTAL COSTS |
$204,930,000 |
Timeline: Preliminary concept drawings have been completed. It is estimated this project could be ready for construction to begin in 2010 with completion by 2013.
Benefits: There are significant social and economic benefits to this project:
Economic Benefits
Marshall Macklin Monaghan was retained to calculate the total economic impact from construction of CSIO and McIntosh Consulting were retained to assess the potential economic benefits from hosting sporting events. Their conclusions were as follows:
• Total economic impact from the construction of the CSIO for the local and provincial economy and government revenues calculated at $279.3 million.
• The hosting of annual regional/national sports event could generate $20-75 million annually
• CSI
identified as a major economic generator of
• Interest has been expressed from the private sector for additional infrastructure development in the area when CSI is confirmed (e.g. Hotel, convention centre, indoor soccer complex, etc.)
Social Benefits
Sport is a major contributor to community social life and forms an important part of our culture, traditions and identity. Community sport can be an important element of family life by transmitting positive values to children. Grassroots sport participation enhances community quality of life and lends to the development of healthy, productive citizens.
In addition, the vast majority of
Canadians believe that participation in sport can have a positive influence on
the personal and moral development of youth.
Participation in sport and recreation develops self esteem, self
discipline and responsibility among our youth; while also helping to establish
fitness and a positive identity for persons of all ages. In the report “
Reducing Healthcare Costs:
The strain on our healthcare
system across